How to allocate a bank transfer
Hi, I recently started on MYOB and opened a new business bank account with Westpac at the same time. I transferred the funds from the old bank into the new bank account. What do I alloca...
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I'm looking for help here first. I'm sure others have transferred money between accounts and allocated it.
I would also like to know the answer to this!
Hi ACM1
Thank you for your response.
With regard to your issue on how to allocate this transferred money, since your newly set-up bank account picked up this transaction, I would suggest recording the transaction in your MYOB file as receive money in order to allocate it. For further information regarding your issue, please refer to this Help Article, Allocating bank transactions.
Please let me know if you need further help, I'm more than happy to assist.
Cheers,
Princess
